2024 MZN to CVE Historical Review

YEARLY HIGH

1.6644 CVE

YEARLY LOW

1.5416 CVE

YEARLY AVERAGE

1.5968 CVE

2024 MZN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 1.6644. Conversely, the yearly low was recorded on August 25, dropping to 1.5416.

This high-to-low spread represents a total annual volatility of 0.1228 CVE. From a start-to-finish perspective, comparing the January average rate of 1.5855 to the December average rate of 1.6480, the exchange rate registered a net change of 3.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.6644 was up 0.87% compared to the 2023 peak of 1.6501, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MZN based on timing:

Yearly Peak High 8,322 CVE

2023 Average 7,992 CVE

Yearly Trough Low 7,708 CVE

Transaction Impact: A difference of 613.80 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.6572

1.5468

JanuMarcMayJulySeptNove

MZN to CVE Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.5977, compared to 1.5959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 1.5977

H2 Avg (Jul–Dec) 1.5959

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0864 CVE (High: 1.6487 / Low: 1.5623). On the other end, February was the most stable month, with a tight range of 0.0201 CVE (High: 1.6125 / Low: 1.5924).

January Spread (Volatile) ±0.0864

February Spread (Stable) ±0.0201

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0216 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1.6480) against the same month in 2023 (average: 1.5838), the exchange rate shifted by +0.0642 (+4.05%).

2024 Avg (December) 1.6480

2023 Avg (December) 1.5838

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6487	1.5623	1.5855
February	1.6125	1.5924	1.6010
March	1.6020	1.5775	1.5893
April	1.6231	1.5875	1.6060
May	1.6217	1.5838	1.5989
June	1.6189	1.5847	1.6053
July	1.6133	1.5798	1.5918
August	1.6061	1.5416	1.5703
September	1.5672	1.5456	1.5560
October	1.6018	1.5574	1.5855
November	1.6573	1.5849	1.6237
December	1.6644	1.6301	1.6480